EcoSynthetix (TSE:ECO) Hits New 1-Year Low – What’s Next?

EcoSynthetix Inc. (TSE:ECO) reached a new 52-week low on Friday . The stock traded as low as C$2.17 and last traded at C$2.35, with a volume of 54961 shares changing hands. The stock had previously closed at C$2.35.

EcoSynthetix Price Performance

The company has a debt-to-equity ratio of 5.06, a current ratio of 23.15 and a quick ratio of 12.67. The company has a market capitalization of C$135.35 million, a PE ratio of -115.00 and a beta of 0.67. The stock’s 50 day simple moving average is C$2.96 and its 200-day simple moving average is C$3.32.

EcoSynthetix (TSE:ECO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.01) EPS for the quarter. EcoSynthetix had a negative net margin of 4.72% and a negative return on equity of 2.47%. The business had revenue of C$6.45 million during the quarter. As a group, equities analysts forecast that EcoSynthetix Inc. will post 0.18 earnings per share for the current fiscal year.

About EcoSynthetix

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels.